BALTIMORE, Dec. 12, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.34 trillion as of November 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in November 2022 and $1.4 billion for the quarter-to-date period ended November 30, 2022. This brings total client transfers for the year-to-date period ended November 30, 2022, to $11.7 billion. These client transfers include $0.5 billion, $1.1 billion, and $8.2 billion, respectively, transferred to the target date retirement trusts during the November, quarter-to-date, and year-to-date periods.
The following table shows the firm's assets under management as of November 30, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.
As of | ||||||||
Preliminary(a) | ||||||||
(in billions) | 11/30/2022 | 10/31/2022 | 9/30/2022 | 12/31/2021 | ||||
U.S. mutual funds | ||||||||
Equity | $ 400 | $ 382 | $ 365 | $ 554 | ||||
Fixed income, including money market | 75 | 74 | 74 | 85 | ||||
Multi-asset(b) | 192 | 182 | 175 | 232 | ||||
667 | 638 | 614 | 871 | |||||
Subadvised and separate accounts and other investment products | ||||||||
Equity | 312 | 299 | 283 | 439 | ||||
Fixed income, including money market | 92 | 90 | 91 | 90 | ||||
Multi-asset(b) | 225 | 210 | 199 | 246 | ||||
Alternatives | 44 | 43 | 43 | 42 | ||||
673 | 642 | 616 | 817 | |||||
Total assets under management | $ 1,340 | $ 1,280 | $ 1,230 | $ 1,688 | ||||
Target date retirement products | $ 349 | $ 327 | $ 311 | $ 391 | ||||
(a) Preliminary - subject to adjustment(b) The underlying assets under management of the multi-asset portfolios have been aggregated and presented as a separate line and not reported in the equity and fixed income lines.
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.
Supplemental InformationThe following table reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.
As of | ||||||||
Preliminary(a) | ||||||||
(in billions) | 11/30/2022 | 10/31/2022 | 9/30/2022 | 12/31/2021 | ||||
U.S. mutual funds | ||||||||
Equity and blended assets | $ 540 | $ 513 | $ 488 | $ 724 | ||||
Fixed income, including money market | 127 | 125 | 126 | 147 | ||||
667 | 638 | 614 | 871 | |||||
Subadvised and separate accounts and other investment products | ||||||||
Equity and blended assets | 491 | 464 | 436 | 632 | ||||
Fixed income, including money market | 138 | 135 | 137 | 143 | ||||
Alternatives | 44 | 43 | 43 | 42 | ||||
673 | 642 | 616 | 817 | |||||
Total assets under management | $ 1,340 | $ 1,280 | $ 1,230 | $ 1,688 | ||||
(a) Preliminary - subject to adjustment
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SOURCE T. Rowe Price Group, Inc.